We just hit $3M in Contracted ARR in under 8 months at Lyzr AI!
Here’s our journey
Lyzr began as an AI data analysis app(PowerBI+ ChatGPT). The name Lyzr comes from the last four letters of "Data Analyzr."
However, while building the app on Langchain, we encountered several challenges related to deployment, troubleshooting, bug fixing, and monitoring.
Our initial idea didn’t gain traction, and we faced rejections from YC, AIGrant, HF0. But this led us to pivot and create a Langchain alternative for enterprises, using an agentic approach.
Lyzr was reborn as an Enterprise Agent Framework for building reliable and fully private AI agents.
We gained some decent traction from January to April 2024, with customers building single-agent apps like chatbots, knowledge search tools, and data analysis apps.
As a hack in the early days, we used to search for job postings in Upwork where customers asked for 'Langchain' support. We used to meet with those customers, understand their problems, build the prototype on Lyzr in <24 hours, and convert them.
We went from $0 to $100k in ARR in the first 4 months.
Then, we launched our multi-agent orchestration capability—Lyzr HybridFlow. Around this time, I came across a tweet by Jason Lemkin looking for AI agents to automate research, outreach, and sponsorship sales for the SaaStr Europa event.
We took on the challenge, building and launching a 'downloadable AI SDR agent' template in just 4 days. While the tweet gained some traction, we saw even more interest on LinkedIn and Instagram as influencers picked up our story and shared it.
In about 10 days, we received about 250 inbound leads. We decided to productize the AI SDR agent, naming it Jazon, and launched it with a world-class UI. Paired with Skott—The AI Marketer (Copy AI+Surfer SEO) - these two agents started bringing us a steady stream of leads.
I personally handled most of the initial calls, demoed the product, and onboarded our early customers onto a 3-month pilot. Interestingly, more than 50% of the agents built on the Lyzr platform today by enterprises are custom agents designed to automate complex business workflows (think UIPath, but built with self-learning AI agents).
We have a strong pipeline and are yet to start proper outbound. We’re aiming for $6M ARR by the end of this year and $30M next year.
Here’s our journey
Lyzr began as an AI data analysis app(PowerBI+ ChatGPT). The name Lyzr comes from the last four letters of "Data Analyzr."
However, while building the app on Langchain, we encountered several challenges related to deployment, troubleshooting, bug fixing, and monitoring.
Our initial idea didn’t gain traction, and we faced rejections from YC, AIGrant, HF0. But this led us to pivot and create a Langchain alternative for enterprises, using an agentic approach.
Lyzr was reborn as an Enterprise Agent Framework for building reliable and fully private AI agents.
We gained some decent traction from January to April 2024, with customers building single-agent apps like chatbots, knowledge search tools, and data analysis apps.
As a hack in the early days, we used to search for job postings in Upwork where customers asked for 'Langchain' support. We used to meet with those customers, understand their problems, build the prototype on Lyzr in <24 hours, and convert them.
We went from $0 to $100k in ARR in the first 4 months.
Then, we launched our multi-agent orchestration capability—Lyzr HybridFlow. Around this time, I came across a tweet by Jason Lemkin looking for AI agents to automate research, outreach, and sponsorship sales for the SaaStr Europa event.
We took on the challenge, building and launching a 'downloadable AI SDR agent' template in just 4 days. While the tweet gained some traction, we saw even more interest on LinkedIn and Instagram as influencers picked up our story and shared it.
In about 10 days, we received about 250 inbound leads. We decided to productize the AI SDR agent, naming it Jazon, and launched it with a world-class UI. Paired with Skott—The AI Marketer (Copy AI+Surfer SEO) - these two agents started bringing us a steady stream of leads.
I personally handled most of the initial calls, demoed the product, and onboarded our early customers onto a 3-month pilot. Interestingly, more than 50% of the agents built on the Lyzr platform today by enterprises are custom agents designed to automate complex business workflows (think UIPath, but built with self-learning AI agents).
We have a strong pipeline and are yet to start proper outbound. We’re aiming for $6M ARR by the end of this year and $30M next year.
Can we get to $100M in 3 years?